Braze Reports Better-Than-Expected Q2 Results: Details
Portfolio Pulse from Erica Kollmann
Braze, Inc. (NASDAQ:BRZE) reported better-than-expected Q2 results with earnings of nine cents per share and revenue of $145.5 million, surpassing analyst estimates. Despite strong performance, shares fell 5.51% after-hours. The company projects a slight EPS loss for Q3 but expects positive fiscal year 2025 earnings.
September 05, 2024 | 9:54 pm
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Braze reported better-than-expected Q2 earnings and revenue, but shares fell 5.51% after-hours. The company projects a slight EPS loss for Q3 but expects positive fiscal year 2025 earnings.
Braze's Q2 results exceeded expectations, which is typically positive for stock prices. However, the after-hours drop of 5.51% suggests investor concerns, possibly due to the projected slight EPS loss for Q3. The positive outlook for fiscal year 2025 could stabilize or improve stock prices in the longer term.
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